Procyon Advisors Invests in Old Dominion Freight Line

New stake acquired in transportation company during Q4

Mar. 23, 2026 at 9:38am

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Procyon Advisors LLC acquired a new stake of 11,007 shares in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the 4th quarter, according to a recent SEC filing. Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services.

Why it matters

The investment by Procyon Advisors in Old Dominion Freight Line reflects institutional interest in the transportation company, which has seen its stock price rise significantly in recent years as it has expanded its national freight network. Old Dominion Freight Line's core LTL trucking business has benefited from growth in e-commerce and supply chain demand.

The details

According to the SEC filing, Procyon Advisors acquired the 11,007 shares of Old Dominion Freight Line, valued at approximately $1.726 million. Other major institutional investors have also increased their stakes in the company, with JPMorgan Chase & Co. and Truist Financial Corp among the top shareholders.

  • Procyon Advisors acquired the new stake in Old Dominion Freight Line during the 4th quarter of 2025.

The players

Procyon Advisors LLC

An investment management firm that acquired a new stake in Old Dominion Freight Line.

Old Dominion Freight Line, Inc.

A U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services.

JPMorgan Chase & Co.

A major institutional investor that has increased its stake in Old Dominion Freight Line.

Truist Financial Corp

A major institutional investor that has increased its stake in Old Dominion Freight Line.

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The takeaway

The investment by Procyon Advisors in Old Dominion Freight Line reflects the transportation company's growth and success in the LTL trucking market, driven by the rise in e-commerce and supply chain demand. The company's expansion of its national freight network has attracted interest from major institutional investors.